The Minister of Trade, Industry, Business Development and Tourism Mr. Mokhethi Shelile says M18 million is needed to reopen factories in the country.
Mr. Shelile said that preparations to reopen the said factories, are at an advanced stage as they have received orders from the United States, however he stated that they are M18 million short for processing those orders.
He said there is a local company that showed interest in taking over thr job, but due to lack of finance, it is unable to operate. He indicated that they are currently working on securing an export credit facility saying as soon as they have secured it, the closed factories will be re-opened.
